Introduction

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Chart A

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Chart B

Group info

Team of Thrones

Members:

  • Ambalika Gupta
  • Smriti Vinayak Bhat
  • Yin Shan Ho

Skills

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Trend of skill categories across the different verticals by year

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Trend in change of useful skills across occupations

Analysis

  • Soft skills are the one set of skills that people have increasingly found need for across all the verticals.
  • Business skills are finding less and less takers by the year.
  • Specialized industry skills seem to have seen volatility as they were in decline up until 2017-2018 but with the arrival of 2019 they saw a significant boost in demand.
  • Disruptive technological skills do not seem to have caught on yet except for the Information and Communication segment.
  • Mining and Quarrying have seen no disruptive tech skills growth whatsoever.
  • Despite fintech sweeping across the world, among the people employed in the field of financial and insurance activities little to no technical skills seem to be visible.
  • The skill that is the most in demand across all years is Digital Literacy.
  • Business Management, Leadership and Teamwork are also right behind. Business Management however has been in decline since 2017 while Teamwork has taken the forefront.
  • Business Skills - 5, Soft Skills - 4, Specialized Industry Skills - 2, Tech Skills - 3 are the split across the type of skills. Business skills and Soft skills still dominate.
  • Specialized Industry skills figure in this list too. These are Research and Foreign Languages. In an increasingly interconnected world, it is quite evident why Foreign Languages make this list. Research also forms the corner stone of innovation and is an important skill to possess. Apart from this, Social media is also a technological main stay which figures prominently. This is yet another proof of the influence of technology on skills needed.

Talent Migration

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Migration Pattern to USA from other countries

Industry migration trend from the year 2015-2019

Skill migration trend from the year 2015-2019

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Highest Migration Rate

Country Name Net Migration
Cuba -11.336000
Jamaica -8.832500
Haiti -6.900000
Fiji -6.633333
Benin -5.530000
Moldova -5.447500
Bosnia and Herzegovina -5.437143
Venezuela, RB -5.286400
Tunisia -4.548235
Madagascar -4.540000

Top 10 countries with Highest Number of Immigrants

Country Name Net Migration
Georgia 8.535556
Luxembourg 8.201111
Gabon 6.656000
Papua New Guinea 4.104000
Cyprus 2.956875
Zambia 2.705000
Malawi 2.372500
Kuwait 1.932308
Congo, Dem. Rep.  1.653000
Libya 1.562857

Analysis

  • Top 3 out 10 countries with the highest number of net migrant arrivals are from the European region
  • Top countries with people migrating from, in search of jobs belong to Sub-Saharan African continent.
  • It is observed that USA has maximum number of immigrants from Europe and and Africa in the year 2019
  • Industries like Finance - Venture Capital and Private Equity, Tech Sector - Computer and Network Security, Information Services, Internet have flourished consistently over the years with highest number of arrivals from other industries. E-Learning and Outsourcing/Offshoring is an upcoming industry with increasing arrivals.
  • In Business Skill sector, maximum arrivals are in Debt Collection skill
  • In Disruptive Tech Skill sector, maximum and consistent arrivals are in Fintech sector. Also Aerospace Engineering showing a consistent trend of departures -In Soft Skill sector, Persuasion skills have shown consistency with maximum arrivals. These skills are the need of the hour with increasing sales and marketing trend.
  • Specialised Industry sector shows an upcoming trend in skills like Nuclear Physics, Oral Comprehension & Psychiatry
  • Tech Skills sector shows a consistent trend for Data-Driven Analytics, with Web hosting being next in line.

Employment Growth

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Global trend of employment growth rate

Trend of employment growth rate in different industries

Analysis

  • Global decrease in the growth rate of employment

  • Most of the income groups have increasing trend of employment rate except from high income group

  • Rapid development in Information and communication Section

  • Decreasing trend observed in Mining and Quarrying sections in High and Upper Middle Income group

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Top 5 Employment Growth (Countries)

country name region average perentage of growth
Luxembourg Europe & Central Asia 11.389292
Cyprus Europe & Central Asia 5.913180
Georgia Europe & Central Asia 5.399218
United Arab Emirates Middle East & North Africa 4.850546
Switzerland Europe & Central Asia 3.984353

Analysis

  • Higher employment growth rate in European and Central Asian Countries

  • Most of them have rich mineral/oil resources

Top 5 Employment Growth (Industries)

industry name average persentage of growth
Venture Capital & Private Equity 3.584088
Alternative Dispute Resolution 2.462249
Computer & Network Security 2.097874
Renewables & Environment 2.069448
Aviation & Aerospace 1.673296

Top 5 Employment Recession (Industries)

industry name average percentage of growth
Newspapers -2.103078
Accounting -2.074900
Market Research -1.822482
Outsourcing/Offshoring -1.798203
Telecommunications -1.538015

Analysis

Rapid Development in:

  1. Infrastructure

  2. Information Technology

  3. Equity Management

  4. Environment Protection

Rapid Recession in:

  1. Traditional Media

  2. Traditional Communication

References

World Bank. (n.d.). Skills | LinkedIn Data | Data Catalog. Retrieved May 17, 2021, from https://datacatalog.worldbank.org/dataset/skills-linkedin-data

World Bank. (n.d.). Employment Growth | LinkedIn Data | Data Catalog. Retrieved May 17, 2021, from https://datacatalog.worldbank.org/dataset/employment-growth-linkedin-data

Agarrwal, K. (2021, April 19). What is FINTECH? Retrieved May 18, 2021, from https://www.forbes.com/advisor/in/banking/what-is-fintech/